Stu owns an ice cream parlor that is usually closed during the winter. this winter, however, stu is considering opening his business in february instead of march. if stu opens his store in february, he will earn total revenue of $4,000 for the month, incurring variable costs of $3,500 and fixed costs of $1,500. if the store remains closed during february, stu will earn no revenues and incur fixed costs of $1,500. stu should:

answer choices:

1. open in february because the $4,000 of total revenue exceeds the $3,500 of variable costs.
2. stay closed in february because the $500 of operating profit is insufficient to cover the $1,500 of fixed costs.
3. open in february because the $4,000 of total revenue exceeds the $1,500 of fixed costs.
4. stay closed in february because he will lose $1,000 if he opens.

Table 1. shows the expected demand for the dvd at different suggested donation levels, and they can act as a single-price monopolist if they choose to. thereceipts will be used to fund gstcg supplies for their data collection and conservation work. at the end of each sea turtle nesting season, any excess funds are donated by the gstcg to a local non-profit sea turtle research and rehabilitation facility. table 1 suggested anticipated total marginal profit donation per number of dvd revenue revenue dvd request requests $19.00 0 $15.00 2 $9.50 4 $7.75 10 $3.00 15 $0.00 20 a. complete table 1 by computing the total revenue, marginal revenue, and profit columns. b. the president wants the gstcg to provide videos to generate the most possible donations (total revenue). what price, if any, is the president of the gstcg favoring and how many people will receive the dvd if this becomes the price of the suggested donation? explain your answer. c. the education outreach committee wants the gstcg to provide videos to the highest possible number of people. what price, if any, is the educational outreach committee favoring and how many people will receive the dvd if this becomes the price of the suggested donation? explain your answer. d. the treasurer of the gstcg wants the dvd program to be as efficient as possible so that the marginal revenue equals marginal cost. what price, if any, is the treasurer favoring and how many people will receive the dvd if this becomes the price of the suggested donation? explain your answer. e. the fundraising committee wants the dvd program to generate as much profit in donations as possible. what price, if any, is the fundraising committee favoring and how many people will receive the dvd if this becomes the price of the suggested donation? explain your answer.